Amid investor sentiment signaling ‘greed,’ cryptocurrency investment products saw weekly inflows of $117 million last week — the highest since July 2022, according to a CoinShares report. Investors are almost solely focusing on Bitcoin, which saw inflows of $116 million. Total assets under management (AuM) of investment products increased 43% from November lows to $28…
Around 60% of investors believe that Ethereum (ETH) has a more compelling growth outlook, according to a survey by CoinShares. As opposed to the 60% siding with ETH, only 30% of the respondents said Bitcoin (BTC) had the most compelling growth outlook, according to the CoinShares survey. The survey included 43 investors who managed a total…
Crypto investment firm Pantera Capital released a ‘Year Ahead’ letter to investors on Jan. 23, in which it disclosed data showcasing the blockchain industry’s resilient nature. CEO of Pantera Capital, Dan Morehead, shared an overview of the company’s outlook on 2023 in which he stated; “Blockchain’s resilience in the face of a terrible macro market…
Former FTX.US President Brett Harrison is in the process of launching a new cryptocurrency startup that would service institutional clients. According to a Bloomberg News report, Harrison has raised $5 million from well-known industry investors, including Coinbase Ventures and Circle. Harrison’s new company — dubbed Architects — will reportedly cater to institutional clients and provide them…
Cardano (ADA) founder Charles Hoskinson confirmed interest in acquiring the crypto-focused media outlet CoinDesk on Jan. 19. Hoskinson said CoinDesk appeared to be overpriced for its $200 million asking price, adding that he would decide after reviewing the firm’s books. Revamping CoinDesk Hoskinson said his media interest is broad as he is focused on “how…
FTX founder Sam Bankman-Fried (SBF) said on Jan. 17 that FTX.US was solvent, adding that customers should be given access to their funds. SBF was reacting to new revelations made by the FTX management about the shortfalls in the U.S. subsidiary. The claims are “misleading” because it does not consider the $428 million in the…
HashKey Capital announced its third fund, HashKey FinTech Investment Fund III, with a total commitment of $500 million, according to a Jan. 17 press release. According to the announcement, Fund III will deploy capital to advance crypto and blockchain initiatives globally, focusing on emerging markets. As reported, a number of institutions, including sovereign wealth funds,…
Immutable NFT Brand, Technology Company in Asia Immutable is advancing the world of NFTs through Immutable X, an industry-leading NFT minting and trading platform, and Immutable Studios, an NFT game development studio. More about Immutable Info Twitter LinkedIn
The Ethereum (ETH) Shanghai upgrade is due to release March, enabling withdrawals from beacon chain and allowing ETH currently staked in ETH 2.0 validators to be unstaked. With over 70% of ETH stakers currently at a loss with their ETH inaccessible, the Shanghai upgrade will enable stakers access to their ETH and decide whether to…
New York attorney General Letitia James filed a lawsuit against Alex Mashinsky, the co-founder and former CEO of Celsius Network LLC. James said that Mashinsky violated the Martin Act and New York’s Executive and General Business Laws by allegedly defrauding investors into depositing billions of dollars into digital asset within the cryptocurrency lending company. “Between…